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Filing year 2024

THE COVENANT SCHOOL INC

Charlottesville, Virginia·EIN 54-1274746·501(c)(3)
Total revenue
$19.1M
Total assets
$18.1M
Total expenses
$17.8M
Reported officers
20
Mission

THE COVENANT SCHOOL SEEKS TO PROMOTE THE MORAL, INTELLECTUAL, AND PHYSICAL DEVELOPMENT OF YOUNG PEOPLE. WE FOSTER THE VIRTUES OF FAITH, WISDOM, AND LOVE THROUGH THE PURSUIT OF ACADEMIC EXCELLENCE AND THE RECOGNITION OF GOD'S SOVEREIGNTY OVER HIS CREATION.(CONT.-SCHEDULE O) WE NURTURE OUR STUDENTS, CHALLENGING THEM TO FOLLOW THE EXAMPLE OF JESUS CHRIST, TO ACHIEVE THROUGH SELF-DISCIPLINE, TO LEAD BY SERVICE TO OTHERS, AND TO GROW IN KNOWLEDGE AND VIRTUE.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 6 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Head of School
Officer (Unspecified)
$352k
$374k
Base
$279k
Bonus
Other
Benefits
$73k
Cfo/coo
Officer (Unspecified)
$244k
$259k
Base
$203k
Bonus
Other
Benefits
$30k
Dean of Faculty
Highest Compensated Employee
Median to 75th percentile
$227k
$241k
Base
$152k
Bonus
Other
Benefits
$67k
Middle School Director
Highest Compensated Employee
Median to 75th percentile
$169k
$180k
Base
$121k
Bonus
Other
Benefits
$45k
Director of Accounting
Highest Compensated Employee
25th percentile to median
$137k
$145k
Theology Department Chair
Board Chair
75th to 90th percentile
$123k
$130k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 14 unpaid individuals.

Climbed 55%
over 2 years

From $227k in 2022 to $352k in 2024.

$227k
2022
$319k
2023
$352k
2024
In today's dollarsEst.
Up 45% in real terms$259k to $374k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Highest Compensated Employee pay rose 100% from 2022 to 2024, while revenue rose 20%.

$113k in 2022 to $227k in 2024.
  • Board Chair pay rose 5% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

THE COVENANT SCHOOL INC reported revenue and expenses across 3 filing years.

RevenueExpenses
$15.9M
$14.8M
2022
$18M
$16.8M
2023
$19.1M
$17.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about THE COVENANT SCHOOL INC

What does the Highest Compensated Employee of THE COVENANT SCHOOL INC earn?

In 2024, the Highest Compensated Employee of THE COVENANT SCHOOL INC received $227,092 in total compensation. This pay is above the median (the midpoint) for Highest Compensated Employee roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at THE COVENANT SCHOOL INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Highest Compensated Employee at THE COVENANT SCHOOL INC falls between the median and the 75th percentile.

What are THE COVENANT SCHOOL INC's revenue and expenses?

In 2024, THE COVENANT SCHOOL INC reported $19.1M in total revenue and $17.8M in total expenses on its IRS Form 990.

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